The State of Global Markets
With a three-day weekend upon us, it may be a good time to download and review a new and free 40 page report from Robert Prechter & Elliott Wave International that might serve to counter the giddiness and bullish expectations [More]
TAGS: EWI
SIlver and Gold, Jan 18th
As you can see by these two trend models, price has advanced right up to the reversal trend line and was repelled in both instances. We are do for a longer trend in these precious metals and its the [More]
TAGS: Daily Trend Models, GLD, SLV
Market Close, January 17th
New Signals NASDAQ Hourly Trend Model—->New Long CLSN Daily Trend Model———->New Short (See comments below) Thursday’s Market Analysis CLSN did finally reverse Short today on a firestorm of controversy described here: Celsion Downgraded Right In Front of All-Important Study Results “Celsion [More]
TAGS: CLSN, Daily Trend Model, Market Close, New Signals
ISRG
Intuitive Surgical — Angel with Broken Wings? ISRG just bounced strongly off of it’s major long-term support level of $485. If that level falls, we could see another $100 down.
TAGS: ISRG
Market Open, January 17th
As we get nearer the three-day weekend and absent some major news event, trading should begin to wind down. No where is the winding down of trading more evident than in the charts of the VXX and its inverse, XIV. [More]
TAGS: DJIA, Market Open, SPX, Weekly Long
Market Close, Jan 16th
***Sent out 15 minutes before today’s close. New Signals None….Prices reported are 15 minutes before the close and CLSN is very volatile, could trigger Short before the close. See comment below. Wednesday’s Market Analysis Nothing of substance coming out of [More]
TAGS: CLSN, Confirmatory Analysis, Market Close, trading
OPK
In lieu of the usual “Market Open” post, I am sending out this heads-up on OPKO Health. To make a long and compelling story succinct, OPK has a break-through prostate cancer diagnostic test and a CEO who not only has [More]
TAGS: CEO, Market Open, OPK
Market Close, Jan 15th
New Signals None. Tuesday’s Market Analysis NVIV was mentioned here about a year ago as another, “Buy & Hold,” speculative position. Yesterday’s Market Close Report reminded me (today) that I haven’t mentioned it since last April (a back-back-burner, so to [More]
TAGS: Frank Reynolds, Market Close, NVIV, trading
Market Open, Jan 15th
Both BRLI and STSI were unintentionally omitted from yesterday’s Biotechnology charts. STSI has been a disappointment, especially with so much apparently going for the company. I still consider it a Buy & Hold position and am willing to wait out [More]
TAGS: ELLI, Market Open, STSI, TJX
Market Close, January 14th
New Signals None. Monday’s Market Analysis At the end of last year I wrote several posts about how 2013 would serve up a dominant new trend that would carry forward well into the year. Nothing that has happened in these [More]
TAGS: CELG, Market Close, Premium Service, trading